According to the Maryland Lottery and Gaming Control Agency, sports betting in Maryland generated nearly $6.3 million for public school education in July, the fourth-highest monthly surplus since sports betting was introduced in the state.
Last month, over $333 million worth of bets were placed on sporting events in the state, up nearly 35% from a year ago. The $6.3 million transferred to the state’s Blueprint for Maryland’s Future education program fund represents an 89% increase over July 2023 totals.
Of that July wagering amount, nearly $325 million in wagers on sporting events in the state were placed through an online app — about 97.5% of all sports bets placed. The rest came at retail locations.
There are currently 13 mobile platforms and a dozen retail locations in the state, up from 11 mobile applications and 10 retail sports betting locations in July 2023.
Additionally, the state’s problem gambling fund received nearly $90,000 in forfeited sports betting prizes last month.
Maryland began accepting sports bets in December 2021. Since then, this activity has contributed $94.7 million to the state’s education fund and $3.3 million to the problem gambling fund.